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Lloyds Luxuries IPO is a fixed price issue of Rs 24.00 crores. The issue is entirely a fresh issue of 60 lakh shares.
Lloyds Luxuries IPO bidding started from September 28, 2022 and ended on September 30, 2022. The allotment for Lloyds Luxuries IPO was finalized on Thursday, October 6, 2022. The shares got listed on NSE SME on October 11, 2022.
Lloyds Luxuries IPO price is ₹40 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹120,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹240,000.
Hem Securities Limited is the book running lead manager of the Lloyds Luxuries IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Lloyds Luxuries IPO RHP for detailed information.
| IPO Date | September 28, 2022 to September 30, 2022 |
| Listing Date | October 11, 2022 |
| Face Value | ₹10 per share |
| Price | ₹40 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 6,000,000 shares (aggregating up to ₹24.00 Cr) |
| Fresh Issue | 6,000,000 shares (aggregating up to ₹24.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 16,500,000 |
| Share holding post issue | 22,500,000 |
| Market Maker portion | 300,000 shares |
Lloyds Luxuries IPO offers 6,000,000 shares. 2,850,000 (47.50%) to NII, 2,850,000 (47.50%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 300,000 (5.00%) |
| Other Shares Offered | 2,850,000 (47.50%) |
| Retail Shares Offered | 2,850,000 (47.50%) |
| Total Shares Offered | 6,000,000 (100%) |
Lloyds Luxuries IPO opens on September 28, 2022, and closes on September 30, 2022.
| IPO Open Date | Wednesday, September 28, 2022 |
| IPO Close Date | Friday, September 30, 2022 |
| Basis of Allotment | Thursday, October 6, 2022 |
| Initiation of Refunds | Friday, October 7, 2022 |
| Credit of Shares to Demat | Monday, October 10, 2022 |
| Listing Date | Tuesday, October 11, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 30, 2022 |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹120,000 |
| Retail (Max) | 1 | 3000 | ₹120,000 |
| HNI (Min) | 2 | 6,000 | ₹240,000 |
| Lot Size Calculator | |||
Mr. Shree Krishna Mukesh Gupta and Plutus Trade & Commodities LLP are the Promoters of the Company.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73.33% |
Established in 2013, Lloyds Luxuries Limited is among the organized player of salon services and beauty products in India, focused on grooming men to perfection. The company owns the exclusive franchisee of Truefitt & Hill, which is an international brand offering a wide range of beauty products and salon services for men through luxury barbershops operating across many countries.
As of March 31, 2022, Lloyds Luxuries Limited operates 14 barber stores under the brand Truefitt & Hill across 7 cities in India. The Company holds the Master Franchise Agreement of "Truefitt & Hill" up to 2043. The company owns exclusive rights to open stores under the brand name of "Truefitt & Hill" either directly or through sub-franchisee arrangements in India, Nepal, Sri Lanka, Bhutan, Vietnam, Myanmar and Bangladesh. As of March 31, 2022.
In addition, the company has obtained an exclusive franchise for MARY COHR in 2019 for 10 years, a French Beauty Salon which has a presence across the Globe.
Competitive Strengths:
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 2561.49 | 2801.63 | -323.8 | -929.13 | -3429.13 |
| 31-Mar-21 | 2524.96 | 1855.58 | -303.07 | -1232.21 | -3732.21 |
| 31-Mar-22 | 2645.1 | 2086.05 | -916.78 | 1351.02 | -298.98 |
| Amount in ₹ Lakhs | |||||
The company intend to utilize the proceeds of the Issue to meet the following objects:-
1. Financing the expenditure for opening new stores
2. To repay of short term borrowings
3. To meet Working Capital requirements
4. General Corporate Purpose
5. To meet issue expenses
[Dilip Davda] The company operates in a highly competitive and fragmented segment of men’s beautification. It has been posting losses and hence the issue is at a negative P/E with some carried forward losses. Simply avoid this IPO from a loss-making company. Read detail review...
The Lloyds Luxuries IPO is subscribed 6.73 times on September 30, 2022 7:00:00 PM. The public issue subscribed 1.81 times in the retail category, times in the QIB category, and 11.64 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 11.64 |
| Retail | 1.81 |
| Total | 6.73 |
| Listing Date | October 11, 2022 |
| BSE Script Code | |
| NSE Symbol | LLOYDS |
| ISIN | INE0DTQ01028 |
| Final Issue Price | ₹40 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹40.00 |
| ₹45.15 |
| ₹42.90 |
| ₹46.80 |
| ₹42.90 |
Lloyds Luxuries Limited
Trade World, 'C' Wing,
16th Floor, Kamala City, Senapati Bapat Marg
Lower Parel (W), Mumbai 400013
Phone: +91-022-68238888
Email: cs@lloydsluxuries.in
Website: http://www.lloydsluxuries.in/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Lloyds Luxuries IPO is a SME IPO of 6,000,000 equity shares of the face value of ₹10 aggregating up to ₹24.00 Crores. The issue is priced at ₹40 per share. The minimum order quantity is 3000 Shares.
The IPO opens on September 28, 2022, and closes on September 30, 2022.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Lloyds Luxuries IPO using UPI as a payment gateway. Zerodha customers can apply in Lloyds Luxuries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Lloyds Luxuries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Lloyds Luxuries IPO opens on September 28, 2022 and closes on September 30, 2022.
Lloyds Luxuries IPO lot size is 3000 Shares, and the minimum amount required is ₹120,000.
You can apply in Lloyds Luxuries IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Lloyds Luxuries IPO will be done on Thursday, October 6, 2022, and the allotted shares will be credited to your demat account by Monday, October 10, 2022. Check the Lloyds Luxuries IPO allotment status.
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Am I missing something or misreading anything?
@MRavi sir, others who are holding this, Any help in understanding this will be greatly appreciated.